Two Hackensack, Ridgefield apartment buildings sold for $19 million

Two apartment buildings in Hackensack, including the Cambridge Arms, and one in Ridgefield Park have been sold for nearly $19 million, real estate broker Kislak Co. said Wednesday.

The largest of the transactions was the $13.3 million sale of the Cambridge Arms, a 101-unit property at 100 Polifly Road. Kamson Corp., based in Englewood Cliffs, sold the property to J.P. Management, comprised of John and Mark Pieternikaj, based in Ramsey, according to CoStar, which tracks commercial real estate data.

The sale of Cambridge Arms marked Kislak’s 61st transaction with the seller, Kislak co-managing director Jeffrey Wiener said in a statement.

Kislak, based in Woodbridge, also handled the sale of a 28-unit apartment building at 39-45 First St. in Hackensack for $3 million and a 19-unit multifamily property at 417-421 Teaneck Road, Ridgefield Park, for $2.6 million.

The sellers and buyers of those two properties weren’t disclosed in Kislak’s press release. But according to CoStar, the Hackensack garden apartment complex was sold to Lafayette Avenue LLC of Hackensack by K&P Management of Hackensack last October. The building is behind Hackensack University Medical Center. Its recent improvements include eight renovated units, new windows, updated masonry and repointed bricks.

The Ridgefield Park building was sold in September to Alina Associates in Hackensack by Horizon Ridge Park Realty LLC of Cliffside Park, according to CoStar. It is a three-story, all-brick building with an updated lobby and hallways.